Historic Lows in Savings Account Rates at PSBs

MUMBAI: The savings deposit rates at some public sector banks (PSBs) have hit a historic low since their deregulation in 2011, as reported in the latest bulletin from the Reserve Bank of India (RBI).

Decline in Domestic Term Deposit Rates

The weighted average domestic term deposit rates for fresh deposits have seen a significant decline across both PSBs and private sector banks.

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